Yuhong Waterproof controlling shareholder unpledges significant share block

Li Weiguo, controlling shareholder and de facto controller of Beijing Oriental Yuhong Waterproof Technology Co., Ltd., recently unpledged 2,230,000 shares. This transaction, completed on September 25, 2025, represents 0.46% of his total shareholding and 0.09% of the company's total share capital. The unpledged shares were originally pledged to Guotai Haitong Securities Co., Ltd. and China Galaxy Securities Co., Ltd.

Following this release, Li Weiguo and his concerted parties, including Li Xingguo, now hold a total of 497,983,505 shares, representing 20.85% of the company's total share capital. Their cumulative pledged shares now stand at 240,042,198, accounting for 10.05% of the company's total share capital and 48.20% of their total holdings. The company emphasized that this unpledging does not stem from non-operational fund appropriation or illegal guarantees.

Li Weiguo maintains a positive outlook on the company's long-term development, and there is currently no risk of margin calls arising from the pledge release. The company also confirmed that the share pledge arrangements have no material impact on its operations, corporate governance, or performance compensation obligations.